New Sea Wave Power Plant Demonstrates Improved Efficiency
The global warming in recent years has shown the major need for green, renewable energy. The extreme heat waves, floods, melting icebergs and the many natural disasters that have struck all continents have created a situation that does not allow us to continue to produce energy in ways that pollute the globe, and there is an urgent need for implementation of alternative energy production systems.
In addition, fuel prices are skyrocketing by the day; a barrel of oil today costs around USD100 and the rate is continuing to rise, resulting in a price that many power companies cannot afford to pay, which is having an impact on power plants' production and hence consumers.
In view of the disaster in Japan, global warming statistics and the drastic rise of fuel and oil prices in the world, many entrepreneurs and innovators around the world are searching for alternative energy sources. In the last decade, great effort was made to develop technologies for producing renewable energy. Results and experimental fieldwork conducted in Israel and abroad indicate that the energy production from sea waves by SDE's technology cost 6 cents for 1KW, a significantly lower cost compared to other renewable energy technologies (for example, wind energy: 12 cents, solar energy: 16 cents). In addition, SDE's technology allows an annual output of 65%, a significantly higher yield compared to other renewable energies (wind energy: an annual output of 24%, solar energy: an annual output of 22%).
In the past, the method of converting sea wave energy into electricity has received the support of the chief scientist of Israel's Ministry of Industry, certificate No. 23 425, which allowed SDE to build eight models of sea wave power plants.
SDE's technology was reviewed and approved by the World Bank, and the company has received guarantees for the establishment of sea wave power plants around the world. SDE, the company that developed the technology and patent holder, has signed agreements for cooperation in countries around the world including Chile, Mexico, Zanzibar, Kenya and China.
Following the success of its new model, SDE is hosting a large number of business delegations from around the world such as energy ministers, governors, and power company executives who want to build a sea wave power plant in their country.
It is important to note that the system developed by SDE has the ability to provide the equivalent of 500 times the world's energy consumption. SDE has registered patents and several patents in the registry. Up until now, the company has established eleven models of sea wave power plants, including the model in China, financed by the Chinese government and the current model at the company's factory in Israel.
